Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Finance

Spanish firm Corfem acquires 30% of Prochimag Sarl

Tuesday, 14 May 2019 18:08
Spanish firm Corfem acquires 30% of Prochimag Sarl

(Ecofin Agency) - Spanish group Corfem, a chemical products trader, has acquired 30% stake in the capital of Prochimag Sarl, the Moroccan subsidiary of chemical products distributor PMS International.

For this stake acquisition, Corfem disbursed MAD13 million ($1.3 million). Thanks to this operation, the group will enter the Moroccan market alongside PMS International that is also present in Algeria.

In 2009, PMS International purchased the whole of Prochimag Sarl to expand its chemical products’ distribution and the imports of raw materials to the Maghreb.  

Chamberline Moko





 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.